Examlex
Evaluate the expression.
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Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
Opportunity Cost
The economic impact of dismissing the next prime alternative while reaching a decision.
Scarce Resources
Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.
Capital
Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.
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